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Article Date: May 2017
Word Count: 165

Moody’s Downgrades Vista Outdoor Again

The ratings agency issued a Ba3 rating from a Ba2 rating for VSTO, citing the company’s weak operating performance and deteriorating credit metrics. Moody’s added that it expects these conditions to continue for an “extended period” and its outlook on the firm remains negative. Moody’s said a weak retail environment and weak demand for firearms is pressuring margins and it expects its EBITDA ratio to rise to 4.5 from 4.0 by March, 2018. It adds that it expects to see earnings improvement after ... Log in to view full article.


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